

Listed by Marcus & Millichap - Chicago Oak Brook
$6,200,000
Everbrook Academy - Albertville, MN (Minneapolis MSA)
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 11,720
Cap Rate 7%
NOI $434,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 16
Lease Expiration 06/30/2040
Remaining Term 14
Rent Bumps Yes
Lease Options Three, Five-Year
Broker Co-Op True
Year Built 2025
Acreage 2.260
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/21/2024
Ground Lease No
Ownership Fee Simple
Brand New 2025 Construction | 14+ Years Remaining | #2 Corporate Operator in the Country
Investment highlights
Corporate Guaranty from the #2 Corporate Operator in the Country
- Learning Care Group (LCG) is officially recognized as the second-largest for-profit early childhood education and care provider in North America.
- The company operates over 1,150 schools across the United States. Its network spans across 40 states and Washington, D.C.
- LCG has the collective capacity to care for and educate over 165,000 children daily, ranging in age from 6 weeks to 12 years old.
- Unlike some competitors that operate under a single name, LCG achieves its massive scale by maintaining a diverse portfolio of 11 unique brand identities. This multi-brand approach allows them to target various market segments, educational philosophies, and geographic regions.
- Driven by its massive footprint, LCG generates an estimated $4.1 billion in annual revenue.
14+ Years Remaining with Increases Every 5 Years
- The Learning Care Group corporately guaranteed lease has over 14 years remaining.
- -The lease features rental increases every 5 years of 7.50% and continuing into the option periods, growing NOI and hedging against inflation.
- The lease features limited landlord responsibilities, allowing for a passive investment for a new landlord.
Minneapolis MSA – 3,800,000+ People
- The Minneapolis-St. Paul metro consists of 16 counties in the southeastern portion of central Minnesota. The metro has a population of more than 3.8 million people and covers 6,364 square miles.
- The metro’s diverse economic base includes 14 Fortune 500 companies, such as Target Corp., Land O’Lakes, Best Buy, 3M Company, U.S. Bancorp and General Mills.
- Minneapolis, with its strong financial base, houses the Ninth Federal Reserve District overseeing Montana, North and South Dakota, Minnesota, and parts of Wisconsin and Michigan.
Over $51,000,000 Spent on Education and Daycare in a 5-Mile Radius
- A strong focus on education and early childhood development can make a city more attractive to businesses and skilled workers, contributing to overall economic growth.
- Participants in early childhood programs are more likely to enroll in college and potentially experience higher earnings in adulthood.
Listing Contacts


Listed by Marcus & Millichap - Chicago Oak Brook
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$434,000.00
$36,166.67/mo
Valuation Metrics
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DSCR
7%
Cap Rate
7%
ROI
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